Filed under: Industry, Recession

Shares of Huntington Bancshares Inc. (NASDAQ: HBAN) fell Friday afternoon after three days of gains as investors reacted negatively to news that the company planned to sell $400 million worth of common stock. At mid-afternoon Friday, shares of the Columbus, Ohio-based bank were down more than 2% to $4.41 a share.

On Friday, Huntington said it priced the shares at $4.20 a share, selling 95.2 million shares totaling some $400 million in gross proceeds. Deal underwriters have an 30-day option to buy another 14.3 million shares, the company said in a filing with the Securities and Exchange Commission.

Continue reading Huntington Bancshares stock falls with newest stock offer

Huntington Bancshares stock falls with newest stock offer originally appeared on BloggingStocks on Fri, 18 Sep 2009 17:40:00 EST. Please see our terms for use of feeds.

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This entry was posted on Sunday, September 20th, 2009 at 3:55 am and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.